On the record
It fosters a spirit of gambling, prejudicial alike to national morals and the national finances.
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gutenberg.orgEditor's note · Context
Grant critiques the gambling spirit fostered by currency fluctuations, affecting national morals and finances.
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More from Ulysses S. Grant
Our progress has been great in all the arts--in science, agriculture, commerce, navigation, mining, mechanics, law, medicine, etc.; and in general education the progress is likewise encouraging.
As a rule I am opposed to further donations of public lands for internal improvements owned and controlled by private corporations, but in this instance I would make an exception.
The merchants, manufacturers, and tradesmen of every calling could do business on a fair margin of profit, the money to be received having an unvarying value.
Debt, debt abroad, is the only element that can, with always a sound currency, enter into our affairs to cause any continued depression in the industries and prosperity of our people.
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